CELINA CITY BOARD OF EDUCATION
January 8, 2008
The Celina City Board of Education met in special session to conduct the budget hearing for Fiscal Year 2009 on January 8, 2008 at 6:19 p.m. in the lecture hall of the high school. Mr. Fetters, Mr. Gilmore, Mrs. Hoyng, Mrs. Paulus and Mrs. Piper answered the roll call.
08-03 On a motion by Mr. Gilmore, seconded by Mrs. Hoyng, the Board was presented the Fiscal 2009 budget for approval.
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Authorized |
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Number |
Tax |
Collection |
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By Voters |
Levy |
Of Years |
Year |
Year |
Maximum |
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Fund |
Purpose |
On |
Type |
Levy |
Begins/ |
Begins/ |
Rate |
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MM/DD/YY |
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To Run |
Ends |
Ends |
Authorized |
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General Fund |
Operating |
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Inside Millage |
Permanent |
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4.70 mills |
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General Fund |
Operating |
Prior to 1977 |
Continuing |
Permanent |
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15.30 mills |
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General Fund |
Operating |
6/7/1977 |
Continuing |
Permanent |
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3.75 mills |
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General Fund |
Avoiding an operating deficit |
5/2/2006 |
Renewal |
Five |
2006/ 2010 |
2007/ 2011 |
12.30 mills |
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Debt Service |
Bond Issue |
11/7/1995 |
New |
Twenty Five |
1995/ 2019 |
1996/ 2020 |
5.36 mills |
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STATEMENT OF FUND ACTIVITY |
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(Complete only for General Fund , Bond Retirement Fund any other funds |
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requesting general property tax revenue) |
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SCHEDULE 2 |
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FUND: General Fund (includes General Fund Debt Service) |
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I |
II |
III |
IV |
V |
VI |
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Budgeted FY |
Budgeted FY |
Next FY |
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Prior Fiscal Year |
Current FY |
July 1-Dec.30 |
Jan. 1-June 30 |
July 1-Dec.30 |
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DESCRIPTION |
2007 |
2008 |
2008 |
2009 |
2009 |
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ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance (Cash) |
$5,957,767 |
$9,161,566 |
$10,027,670 |
$12,069,550 |
$9,102,822 |
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Revenues: |
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Property Taxes (INCLUDES PTA) |
$13,158,358 |
$12,800,000 |
$6,550,000 |
$5,875,000 |
$6,500,000 |
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Income Tax |
$2,402,955 |
$2,300,000 |
$1,400,000 |
$750,000 |
$400,000 |
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Other Receipts |
$12,315,026 |
$12,100,000 |
$6,100,000 |
$6,000,000 |
$6,100,000 |
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Transfers In |
$292,999 |
$300,000 |
$250,000 |
$50,000 |
$250,000 |
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Total Resources |
$34,127,105 |
$36,661,566 |
$24,327,670 |
$24,744,550 |
$22,352,822 |
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Total Expenditures & Encumbrances |
$26,410,131 |
$28,033,896 |
$15,726,174 |
$17,041,728 |
$15,725,000 |
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Ending Unencumbered Fund Balance |
$7,716,974 |
$8,627,670 |
$8,601,496 |
$7,702,822 |
$6,627,822 |
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FUND: Debt Service |
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I |
II |
III |
IV |
V |
VI |
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Budgeted FY |
Budgeted FY |
Next FY |
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Prior Fiscal Year |
Current FY |
July 1-Dec.30 |
Jan. 1-June 30 |
July 1-Dec.30 |
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DESCRIPTION |
2007 |
2008 |
2008 |
2009 |
2009 |
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ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance (CASH) |
$739,763 |
$697,369 |
$647,369 |
$215,369 |
$490,369 |
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Revenues: |
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Property Taxes (INCLUDES PTA) |
$1,277,833 |
$1,225,000 |
$675,000 |
$525,000 |
$650,000 |
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Income Tax |
$0 |
$0 |
$0 |
$0 |
$0 |
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Other Receipts |
$41,943 |
$50,000 |
$28,000 |
$25,000 |
$30,000 |
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Transfers In |
$0 |
$0 |
$0 |
$0 |
$0 |
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Total Resources |
$2,059,539 |
$1,972,369 |
$1,350,369 |
$765,369 |
$1,170,369 |
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Total Expenditures & Encumbrances |
$1,362,170 |
$1,325,000 |
$1,135,000 |
$275,000 |
$1,125,000 |
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Ending Unencumbered Fund Balance |
$697,369 |
$647,369 |
$215,369 |
$490,369 |
$45,369 |
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STATEMENT OF FUND ACTIVITY |
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Funds with Revenue Other Than Local Taxes |
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Celina City Board of Education |
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SCHEDULE 3 |
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I |
II |
III |
IV |
V |
VI |
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Beginning |
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Total |
Total |
Ending |
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Fund |
Estimated |
Total |
Resources |
Estimated |
Estimated |
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BY |
Unencumbered |
Estimated |
Available For |
Expenditures & |
Unencumbered |
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Type |
Fund Balance |
Receipts |
Expenditures |
Encumbrances |
Balance |
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